For the first three months of the year, Exxon reported that its profits doubled to $5.48 billion, compared to the same quarter last year.
This massive increase in profits comes as Exxon has raised gas prices on consumers and in spite of the company losing $3.4 billion from leaving its operations in Russia.
In Q1, Exxon returned $3.76 billion to shareholders, through stock buybacks and dividends.
The company’s CEO, Darren Woods, made nearly $24 million in 2021, and more than half of his compensation came from stocks. Exxon raised prices on consumers, while using increased profits to benefit shareholders and executives.